FLOKI is an original metaverse token that depicts a Shiba Inu dog. It was made by Shiba Inu supporters and other members. FLOKI is named after Elon Musk’s Shiba Inu. The Floki Inu community calls itself the “Floki Vikings” in honor of Floki (Musk’s dog named after a Viking character.)
This guide will teach you all you need about Floki Inu. It also teaches you how to get Floki Inu for Coinbase, and help you ride the metaverse wave.
Let’s get right into it!
What is Floki Inu? (FLOKI).
The Floci coin is a dog-themed meme coin launched in June 2021. After Elon Musk purchased a Shiba Inu dog, the Shiba Inu community named it Floki (FLOKI), after a Viking-inspired character. Musk’s brother, Kyndall Musk, and his Million Gardens MovementYou have been accepted into the team.
Meme coins are a new crypto category associated with an internet joke or pop culture reference. Dogecoin emerged from Litecoin and became one of most popular cryptocurrencies around the globe. Tesla founder Elon Musk played a major role in the popularity of meme coins featuring dogs after he posted about his support for Dogecoin 2021.
Starting as a meme coin, Floki Inu regards itself as a “movement” rather than a meme coin. This team aims to build a strong community and increase its digital assets in the NFT marketplace. LunarCrush has ranked the Floki Vikings as the top 10 social media engagement leadersboards several times.
Floki Inu’s market capitalization is now $1 billion, despite pessimistic projections.
The Story Behind Elon Musk’s Tweets in Crypto World
Elon Musk’s tweets have been significantly affecting the crypto market, and he has a history of shifting stocks and cryptocurrencies.
As Dan Lane, an analyst at British trading app Freetrade has remarked, “There’s an odd irony to Elon Musk’s ability to move the market.” Vincent Flood, the presenter of the “VideoWeek” podcast, talked about Musk’s tweets having “devastating consequences for retail investors whilst he and his friends enrich themselves at the expense of the little guy.”
Musk’s inception has been an inspiration to millions. Twitter about cryptocurrencies, specifically Bitcoin, the cryptocurrency market often saw certain coins or stocks plummeting or skyrocketing, depending on the mood of Musk’s tweets. At one point, Bitcoin’s price reached almost 70,000 US dollars, an all-time high for the cryptocurrency. At another time, Bitcoin’s price fell after Elon Musk posted a Tweet suggesting he’s fallen out of love with Bitcoin. A meme of a relationship breaking down over the male partner was tweeted by Elon Musk, who added the hashtag #Bitcoin to the tweet and the emoji “Bitcoin broken heart”
Musk had initially invested around 1.5 billion dollars to Bitcoin. But, Musk has since sold 75 percent for approximately two billion.
Other cases include Musk’s Tweet about how he was holding no Shiba Inu Coin, as a result of which, Shiba plummeted nearly 7%. The Tweeter community interpreted Elon Musk getting a Shiba Inu to be “very bullish for #Dogecoin.”
Dogecoin’s value increased by 50% in crypto markets due to another Musk tweet. At first glance, the Tweet with the picture of Floki, Musk’s dog, displays just a cute dog, but crypto enthusiasts saw a message in it, and the Shiba price skyrocketed.
Musk also announced that Tesla will no longer accept Bitcoin payments due to energy concerns. This led to Bitcoin losing its value, and the crypto market being shaken off in one day.
As we can see, Musk’s dog plays a huge role in all these Tweets, and the influence wasn’t limited to only Shiba and Dogecoin.
Floki Inu Unique Features
The FlokiInu token (FLOKI), was introduced in July 2021. It is both an ERC-20 token for Ethereum and a BEP-20 token for Binance Smart Chain.
Floki Inu’s three projects have real-world value, which include:
Floki Inu NFT Gaming Metaverse
ValhallaA NFT gaming metaverse that uses a “play-to-earn” mechanism. You can earn rewards by trading or battling for the assets in this metaverse. You can also use the game’s gardening features to help you grow your crops and capture Vera creatures. These NFTs are later sold.
Grayscale estimates that virtual worlds could generate $400 billion in revenue by 2025. Floki Inu plans to join the Metaverse, using its game-to-earn system andFloki Inu for the currency.
Floki University
Floki University offers a learning platform that anyone is interested in blockchain and cryptocurrency technology.
The University is FLOKI’s attempt to boost crypto education while “creating awareness for the FLOKI token” while featuring plenty of memes.
Floki NFT Market
The FlokiPlacesFloki holders are able to trade NFTs and merchandise on the NFT-Merchandise Marketplace. With crypto, they can purchase, trade and trade NFTs as well as merchandise.
FLOKI is the primary currency for the FlokiPlaces Marketplace.
Floki wants financial freedom and the power that Decentralized Finance (DeFi), can bring to people. Read our CoinStats guide to learn how DeFi could revolutionize financial markets. What exactly is deFi?.
Floki Inu, FLOKI (FLOKI), has also partnered up with CryptoCart. This allows FLOKI (FLOKI), holders to shop in over 1700 CryptoCart shops using FLOKI tokens.
Floki Inu, a meme coin with utility that aims to revolutionize how people use cryptocurrencies, is summarized.
You can check the live-time Floki Inu Price, FLOKI Inu price chart, market capitalization, maximum supply, circulating supply, 24-hour trading volume, total supply,etc., on CoinStatsOne of the most popular crypto platforms.
Floki Inu Markets
FlokiInu, a new cryptocurrency, has quickly become one of the most loved cryptocurrencies in the world. FlokiInu can be found on both centralized and decentralized exchanges such as PanCakeSwapV2, Mexc, HuobiGlobal and Mexc. Pancakeswap was the first to include Floki inu on its decentralized cryptocurrency exchange, and other exchanges will soon join the list.
Visit the CoinStats market page to see the cryptocurrency markets that support Floki. Compare the cryptocurrency exchanges’ security, user experience, fee structure, supported crypto assets, etc., to choose a crypto exchange with the characteristics you need, such as affordable transaction fees, an intuitive platform, round-the-clock customer service, etc. Consider whether the crypto exchange lets you buy cryptocurrency with fiat currencies such as a bank transfer or debit card. It is regulated under the Financial Industry Regulatory Authority.
You can buy Floki at Coinbase by following our detailed steps.
Coinbase – How to Purchase Floki inu
Floki Inu is only available for purchase with other cryptocurrencies through decentralized crypto exchanges. First, purchase Ethereum (ETH), and then use ETH in order to purchase FlokiInu. To do this, you will need a crypto wallet that is self-custody, like the Coinbase Wallet.
1. Download Coinbase Wallet
Download Coinbase Wallet to purchase Floki inu Click here. Coinbase Wallet works as a web extension and mobile app. You can
2. You can choose a CoinbaseWallet username
You must create a username to allow other Coinbase Wallet users to send you crypto. You’ll need it to access your account.
3. Keep your Recovery Phrase safe
When creating a new self-custody wallet, you’ll be given a recovery phrase consisting of 12 random words. This recovery phrase acts as the key to all your crypto assets. Anybody who knows your recovery phrase will also have access to your cryptocurrency. Your recovery phrase should not be shared with others.
We strongly recommend writing it down on paper and storing it securely, also using the Coinbase Wallet’s cloud backup feature.
Don’t share your recovery key with anyone Coinbase is not responsible for the security of your recovery phrase and will never ask you for it, and if you lose it, Coinbase won’t be able to help you regain access to your wallet.
4. Get ready for Ethereum Network fees
Ethereum network fees, known as gas fees, depending on the network load, the transaction’s complexity, and the desired completion speed. You should ensure you set aside funds to cover fees. Find out more information about Ethereum network fees Click here.
5. Transfer ETH to Coinbase Wallet by buying and selling
If you don’t have a Coinbase account, you must create one to buy Ethereum (ETH). How to open a Coinbase Account and Buy Ethereum (ETH). Click here. How to Transfer Ethereum to Coinbase Wallet Using the Mobile App or the Chrome Extension Click here .
6. Use ETH for Floki Inu purchase in Trade Tab
If you’re using Coinbase Wallet on your mobile phone, you can purchase Floki Inu directly from the app. To purchase Floki Inu, open Coinbase App and click the Coinbase icon.
Then click on the “Trade” tab, where you can swap ETH for any ERC-20 token. Click “choose coin” and select Floki Inu. Enter the amount you would like to trade for Floki. Make sure to include funds for transaction fees. To confirm the purchase, follow the onscreen instructions.
How to Storing your Floki Inu
You now know how to purchase Floki inu from both centralized and decentralized cryptocurrency exchanges. The next step is to secure your Floki and other crypto assets. While many exchanges provide protection for users against hackers, the fact that you can store crypto assets on exchange platforms is not without risk. It’s always a great idea to store your crypto assets in crypto wallets under your control.
There are two types of crypto wallets: A software wallet or a physical wallet.
Software wallets
If you’re looking to trade Floki regularly, software or hot wallets provided by your selected crypto exchange will suit you. Software wallets’ strength lies in their versatility and ease-of-use. Software wallets are the easiest to set up and allow you to interact with many decentralized finance applications (DeFi). However, these wallets are vulnerable to security leaks because they’re hosted online. If you wish to store your private keys in software wallets, do some research to ensure security. As an additional layer of security, we recommend that you use a platform with 2-factor authentication.
The CoinStats Wallet is one of the most reliable software wallets for storing Floki Inu. MetaMask Wallet and Coinbase Wallet are just a few examples of software wallets. Trust Wallet and Edge Wallet are also options.
Hardware wallets
Because they provide offline storage and significantly reduce the risk of hacking, cold wallets or hardware are often the best way to keep your cryptocurrency safe. You can lock them with a pin, and they will wipe out all data after multiple failed attempts to prevent physical theft. The hardware wallets allow you to sign and confirm transactions via the blockchain. This gives you additional protection from cyber attacks. For users with a large number of tokens, these wallets are better suited for them.
Securely managing your digital assets is possible with Ledger hardware wallets. The Nano X is designed for advanced users and offers more storage space and advanced features than Ledger Nano S, designed for crypto beginners.
A hardware wallet is more expensive than a hot wallet, with prices ranging between $50 – $200.
Trezor Model T and Ledger Nano X are examples of cold wallets.
Track Floki Tokens
It is highly volatile in the crypto market, so managing multiple assets can be difficult. A portfolio tracker can help you track your Floki tokens as well as all of your investments. It is easy to use one platform for all things crypto. CoinStats has the best cryptocurrency portfolio tracker available. Find out more information about the other crypto portfolio tracks.
On CoinStats, you can monitor the liquidity, profit and loss of Floki Iu on several exchanges.
CoinStats has over 250 crypto exchanges. It also supports more than 7000 cryptocurrencies. You can use it to chart, analyze data, search advanced features and keep up with the latest news. You can connect unlimited portfolios (wallets or exchanges) here.
- Binance
- MetaMask
- Trust Your Wallet
- Coinbase
- Kraken
- Kucoin
- Bitstamp and other 500-plus products
To connect your portfolio to CoinStats:
- Click on Add Portfolio to Connect Your Wallet.
- You can click the wallet to which you would like to connect, such as MetaMask and Ethereum Wallet.
- Click on Submit to enter the wallet address.
Floki Inu (FLOKI) Tokenomics
On November 4, 2021 the Floki Inu token (FLOKI), reached its record price of USD 0.0003311 and has continued to fall since. This isn’t due to flaws in the token and the ecosystem. Instead, it is due to uncertainty in crypto markets due to certain global factors like recession, wars or high inflation.
Notably, FlokiInu was the subject of a major bull run which began in September and lasted to the end 2021. On September 13, Floki’s trading price was $0.00003213. By November 20,21 it had reached an all-time high at $0.0003437.
FLOKI Inu’s overall growth is now at 58.678% since its creation. But, it has seen a dramatic drop in value throughout 2022. With a market cap of $2.3 billion in November, Floki Inu’s total market cap was just $128 million in May 2022.
Floki Inu’s Price Forecast 2022-23
The Floki Inu’s November highs are well below their current trading levels. Floki’s value has fallen more than 90% from November’s $0.0003264 high.
Analysts predict that there will be a short price increase towards the end. Crypto analysts expect Floki Inu to reach $0.0000196 before the end of 2018. The forecasts for Floki Inu’s price would show an increase of 30%.
While Floki inu price prediction cannot be 100 percent accurate since they’re based on historical data, Floki Inu’s expected price expansion is supported by their partnerships and promotion campaigns.
Floki Inu holders (FLOKI), who have formed a partnership to Cryptocart, a distributed exchange for ecommerce, can now shop at more than 1700 CryptoCart locations using FLOKI tokens. Similar efforts are underway with Curate, (XCUR), in which Floki Inu tokens can be used for payment.
In 2023, the token’s value is predicted to reach $0.00006599.
Floki Inu Price Forecast 2025
Is Floki Inu likely to grow even more by 2025 Since the token is less than a year old, assessing Floki on historical data won’t provide satisfactory results. However, Floki Inu’s future positions could depend upon their entry into the DeFi (Decentralized Finance) and Web 3.0 spaces.
Floki has partnered with Chainlink to provide DeFi access for all users. Chainlink is a smart contract protocol based on blockchain. Chainlink has been used to integrate two DeFi-focused brands.
Financial Inverse: Floki’s inverse finance pool lets Floki Inu token holders access interest-earning and staking options.
BarnBridge Pool Users can lock in tokens to secure against volatility and inflation by taking control of senior and junior pool pools. It protects users against leveraged exposure, as well as downward volatility.
Floki intends to introduce DeFi products in the future. Such exposure within the DeFi sector will benefit the ecosystem’s long-term growth.
DigitalCoinPrice projects steady growth in Floki Inu between 2022 and 2025. Investors can anticipate Floki Inu reaching $0.0000312 by 2025, largely thanks to NFT platforms.
Conclusion
Floki Inu’s future success is determined by the educational and NFT projects described in this article. The Floki tokens and projects will be successful.
We can see that even with these predictions, one tweet from Musk could make all the difference. So these predictions are relative, and token creators roll their days like the hero in the Ionescu story, “waiting for Musk’s Tweets.”
The long-term prediction for the price of Floki Inu is optimistic. Users are cautioned not to use this content for investment advice. Instead, they should do their research and invest in cryptocurrency.